The Business Times

Companies & Markets

The Business Times
Subscribe
View more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

UOL full-year profit dives 97% to S$13m; better second-half more than offsets H1 loss

Group sees subdued office demand and uncertain retail outlook

Published Sat, Feb 27, 2021 · 05:50 AM
Share this article.

Singapore

UOL Group's FY20 net profit plunged 97 per cent to S$13.1 million, from S$478.8 million a year earlier.

This was due mainly to attributable fair-value losses on its investment properties and other losses totalling S$246.7 million, compared to gains of S$165.1 million previously.

KEYWORDS IN THIS ARTICLE

Singapore property
Financial results

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here